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From debt to freedom...

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Comments

  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You could try the human rights argument... So sorry you are going through this
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5K updated 10/10/25
  • Parkyp
    Parkyp Posts: 883 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    That’s good your solicitor is looking to get something in place.
    well done to young children 👏👏 for doing well at school. It was a special treat to reward them, nothing to feel guilty about. 
    Great news ds2 has got an apprenticeship, I agree teach them to save. 
    Is that your painting finished in the living room now? 
    Enjoy your weekend 
  • Great encouragement of DS2, wish my parents had had that chat with me earlier in life!

    Fish and chips on the beach sounds like a great treat, very jealous of your close proximity to the beach. Can't wait for a chance to move closer to the sea!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
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